moving nearly to an Overbought condition .. i expect that Markets can churn a bit higher into tomorrow morning maybe.. but not much more in the days ahead without seeing
an Oversold condition or a swift pullback first.
(This is a bit of a pullback from my theory of a rally into labor day...but with a pullback tomorrow it will again be very possible.)
This condition is very similar to the 2nd week of July where markets were able to 'Drift' upward.
After giving an earlier THRUST BIAS to the DOWN SIDE at 3:05 ,,it has again TURNED Back Up to be POSITIVE going into the close but only barely .
Nothing im interested in following so i've Exited my LONGS .... and now interested IN a Partial (25-50%) SHORT POSITION going into the CLose for
tomorrows Open ..with the idea I'll SHORT ANY Gap or move higher.
Edited by Mr Dev, 02 September 2015 - 02:43 PM.
